Importance

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Abstract

An apparatus and method for selecting a vendor for a customized good or service, including receiving vendor attributes from the vendors and receiving invitation-for-bid data from the buyer defining a custom job. The invitation-for-bid-data is received through a web browser and is compared to the vendor's attributes based on at least one selection criterion to generate a vendor selection pool of vendors qualified to bid on the job. Vendors in the vendor selection pool receive a vendor's invitation-for-bid. A bid is received from at least one vendor. The lowest price bid is identified, the buyer is informed of the identity of the selected vendor, and solicited for approval of the selected vendor. Upon receipt of approval from the buyer, an order is issued to the selected vendor. The non-selected vendors in the selection pool are informed of the bid prices and of the selection results.

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First Claim